Trend Micro Incorporated, a global leader in cybersecurity solutions, today announced earnings results for the second quarter 2018, ending June 30, 2018. For the second quarter, Trend Micro posted consolidated net sales of 39,497 million Yen (or US $361 million, 109.16 JPY = 1USD). The company posted operating income of 8,547 million Yen (or US $78 million) and net income of 6,882 million Yen (or US $63 million) for the quarter.
The company will not revise expected consolidated results for the full fiscal year ending December 31, 2018 (released on February 15, 2018). Based on information currently available to the company, consolidated net sales for the year ending December 31, 2018, is expected to be 164,800 million Yen (or US $1,484 million, based on an exchange rate of 111 JPY = 1 USD). Operating income and net income are expected to be 40,700 million Yen (or US $366 million) and 28,400 million Yen (or US $255 million), respectively.
“Our strategy is built around anticipating and addressing three key areas: the changing infrastructure, shifting user behaviors and ever-evolving cyber threats of today and tomorrow,” said Eva Chen, chief executive officer for Trend Micro. “Our business momentum is evidence of our ability to meet the needs of our customers.”
Leadership in securing the cloud and hybrid environments
Enterprise business rose by 15 percent from the same quarter last year for Trend Micro, reinforcing that businesses of all sizes are entrusting their critical data to this layered security portfolio. As networking environments become more complex and cloud adoption increases, organizations require security that is optimized for highly modern environments. Trend Micro’s offerings for protecting hybrid infrastructures, specifically the Hybrid Cloud Security and Network Defense solutions, collectively attracted 900 new customers to the portfolio and grew an impressive 21 percent in gross sales year over year.
Optimizing Trend Micro solutions for these new environments requires close partnerships with leading virtualization and cloud platform providers. Trend Micro’s strength in protecting virtualized environments was recognized by the VMware Global Partner Innovation Award in the Technical ISV for the second consecutive year.
Furthering its strength in the cloud security space, Trend Micro launched Deep Security™ Smart Check, a component providing continuous container image scanning to complement the existing Deep Security runtime container protection. Organizations are increasingly using containers to accelerate an application’s time to market. This new offering eases and secures the deployment of containers to cloud environments, including Amazon Web Services, Microsoft Azure and others.